Home Improvement Market Share 2022 Growth Challenges, Opportunities and Future Trends 2028

Home Improvement Market was valued at USD 772.2 billion in 2021 and is expected to grow at a CAGR of 5% between 2022 and 2028. The growing popularity of smart kitchens in home improvement is due to the rising demand for simple add-ons like self-control dispensers, motion-sensing water taps and chillers with one-touch functionality. In addition, efficient storage cabinets, new appliance types and preferences, parquet, backslash trends and efficient links to the outdoors are expected to drive the growth of the market. Soaring mortgages and interest rates as well as rising new house prices are boosting millennial home improvement spending.

Top Major Key Players Industries

Lowe’s
Menard Inc.
Walmart Inc.
ADEO
The Home Depot

By Product Type

Lumber and Landscape Management
Decor and Indoor Garden
Kitchen
Painting and Wallpaper
Tools and Hardware
Building Materials
Lighting
Plumbing and Equipment
Flooring, Repair, and Replacement
Electrical Work

By Distribution Channel

DIY Home Improvement Stores
Specialty Stores
Online
Furniture and Other Physical Stores

 

Scope of the Report

The research study analyzes the global Home Improvement industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume

Key Questions Answered by Home Improvement Market Report

What was the Home Improvement Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Home Improvement Market during the forecast period (2022-2028)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Home Improvement Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.